Bettle v. Tiedgen

This is a suit to foreclose a mortgage for $3,200 on 320 acres of land in Madison county. The Omaha Loan & Trust Company was mortgagee. As collateral security for its debentures, it assigned the mortgage and the note secured thereby to its trustee, the Boston Safe Deposit & Trust Company, and the trustee sold them to plaintiffs under the terms of the contract creating the trusteeship. Defendant John F. Tiedgen was mortgagor. Subject to the mortgage lien, defendant John Reimers acquired title to the land, and pleaded and proved that he paid the amount of the debt and interest to the original…